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National minimum wage increases to 102 peso for 2019

Mexico City, Mexico — As of January 1, 2019, the general minimum wage will be fixed at 102.68 peso and at 176.72 peso in the free zone of the northern border.

President Andrés Manuel López Obrador made the announcement accompanied by the Secretaries of Labor and Social Welfare, Luisa María Alcalde, and Economy, Graciela Márquez Colín.

“We are going to benefit everyone. It will help the growth of the economy and strengthen the domestic market,” he said. “It is a historic event because together we have started a new stage in the wage policy of our country,” he added.

The increase on the northern border will not have inflationary effects said the head of Economy, Graciela Márquez Colín.

“It will have positive effects on the purchasing power of workers and zero effects such as inflation or unemployment, noted Graciela Márquez Colín

The announcement of the hike means an increase of 16.21 percent at a national level, however, in the northern border areas, municipalities will see a doubling of the minimum wage. The current minimum wage is 88.36 peso per day.